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www.greystar.co.nz
P2
Cave Creek award recipient
killed on mountain
P5
Face of an
executioner?
$1 (Home Delivery 75c)
WEDNESDAY, AUGUST 27, 2014
Est. 1866 Phone 769 7900
Crim alert goes on
Facebook before
police told
Police are annoyed that a woman
who had a drunk man stagger up
to her front door last night, posted
a warning on Facebook — an hour
and a half before bothering to alert
the police. Senior constable Mike
Tinnelly, of Greymouth police, said
the woman should have phoned the
police straight away to give them a
better chance of catching the culprit.
“It is very important to phone police
immediately in instances like this,
so we can get the dogs out and track
such people down.” Instead, the
intruder, described as an older drunk
man, wearing a beanie, carrying a
backpack and of solid build, was
nowhere to be found by the time
police got there.
Daffodil SOS
The Cancer Society has put
out an SOS call to the public for
fresh daffodils for Daffodil Day,
on Friday, because their regular
supplier’s stock had flowered too
early. Cancer Society West Coast
co-ordinator community relations
Pavel Bares said they wanted to
sell the flowers on the streets of
Greymouth on Friday. “ We would
gladly appreciate donations of any
fresh daffodils people have in their
garden,” Mr Bares said. Flowers can
be dropped at the Cancer Society
office in Greymouth before 4pm
tomorrow.
Boozy night
A 35-year-old Cobden man was
thrown into a cell at the Greymouth
Police Station last evening to sleep
off a belly full of booze. Police were
called about 5pm after a complaint
about a drunk man being abusive
and yelling.
Whatever!
Quick Read
TOMORROW
13°
Mainly fine, light winds
A postwoman left a cancer-stricken
elderly man and his wife without
their post for two weeks — because
she refused to duck under their
hanging baskets to deliver it for
them. Peter and Hazel Kelly, from
Buckinghamshire, missed out on
bank statements, an invitation and a
letter from the hospital, all because
the postwoman said it hurt her
back to avoid the two large hanging
baskets. Mrs Kelly said: “ We couldn’t
understand why we hadn’t any post
for two weeks. My husband was
outside the front tidying up and saw
the postwoman. He said: “Good
morning my duck, we haven’t had
any letters for a while” and she said
‘No I am not delivering to you no
more’. She said it was damaging her
back to get to the front door.”
— Daily Mail
DWC
changes
tack on
lending
by Laura Mills
Development West Coast made
just two business loans totalling
$800,000 in the year to March
this year but is unapologetic,
saying times have changed and it
is not a “money bags”.
It revealed at its annual public
meeting in Greymouth last
night income of $8.6 million for
the year, leaving assets of $121
million. It made a profit of $6.2m
before community distributions
of $3m, giving a net surplus of
$3.3m.
However, out of 38 inquiries for
business loans, just six turned into
formal applications and four were
approved, totalling $3.1m. In the
end, though, only two of these
were uplifted, with a combined
value of $800,000.
The recipients are not listed in
the annual report.
Chief financial officer Mark
Dawson said that due to changes
to the trust deed, the trust no
longer had to list them publicly.
The number of commercial loans
has been falling steadily in recent
years as the trust moves away from
being a venture capital outlet.
A decade ago it made 14 loans
valued at $7.3m.
Chief
executive
Joseph
Thomas said DWC had been
moving for some time towards
offering independent advice and
mentoring support. It was more of
an “enabler” these days.
When asked who could lead
the Coast out of recession, Mr
Thomas said: “It’s everyone’s issue
and problem”.
“Everyone has to step up and
take responsibility.”
Chief operating officer Warren
Gilbertson said they wanted to
work with successful businesses,
not failing ones. It was easier to
add 20% to the bottom line of an
existing business than start afresh.
The trust was aware that under
changes to the Charities Act,
economic development agencies
around the country had lost their
charitable status.
Chairman John Sturgeon was
unapologetic for the low level of
lending.
“Development West Coast must
do due diligence, partly so we
don’t help people down the road
with no exit, and bankruptcy,” Mr
Sturgeon said.
“ We’re not a secret society,”
he said, noting that DWC held
meetings Coastwide, published
a newsletter in the West Coast
Messenger newspaper and held an
annual public meeting once a year.
Former
finance minister
Labour’s Michael Cullen, who
set up the trust and was its first
settlor, told the Greymouth
Star today the way the trust was
working now was “not quite how
itwaswhenitwassetupinthe
first place”, though not entirely
inconsistent with the aims.
“The aim at that point (2001)
was to have the capacity to invest
in ventures that had the promise
at least to provide jobs and
employment,” Mr Cullen said.
“It was set up as compensation
for the end of native logging on
Crown land. The government
wanted to support employment
on the West Coast.”
“They (current trust) may have
decided they can achieve more by
supporting business growth and
development,” Mr Cullen said.
The latest
annual report
declares a $50,000 grant to
CYB Construction to develop
two portable housing units. It
was already a shareholder in
Cranley Farms ($5m), gave
$86,000 to Tourism West Coast
and established a construction
alliance to capitalise partly on the
Canterbury rebuild.
It says it has also helped
businesses sur vive, turn around
and grow.
The trust currently has about
$13.3m of loans on the books,
including eight commercial loans,
and is also carrying three bad
debts. Provision for bad debts is
unchanged at $11.5m.
DWC has 10 staff, down from
19 a few years ago.
Operating expenses totalled
$2.4m,
external
consultancy
$122,000, investment advisory
expenses
$242,000, legal
fees $134,000, and trustee
remunerations, $174,000.
Hokitika hotel balcony fall victim named
Police have released the name of
the man who died in a 16m fall from
the Beachfront Hotel, in Hokitika on
Saturday night.
He was Geoffrey Leslie McFadden, 58,
of Leeston, in Canterbury.
Police media spokeswoman Barbara
Dunn said the family did not wish to
make any public comment. Yesterday,
police held off releasing the name after
the family said they were applying
to the High Court to have his name
permanently suppressed. Ms D unn said
the family had “backed away ” from doing
that, investigated another avenue, then
decided against pursuing it at all.
PICTURE: Nicholas McBride
There was no stopping the A-Z Preschool pupils on their scooters and bikes this morning as they made use of their newly paved bike track at the Blaketown
facility. Co-owner Alesha Crawford said the work, completed by Fulton Hogan, had been four years in the making from the crusher dust path it had previously
been. Humps are still to be added to the track, which runs around the inside of the preschool fence.
Ready, steady: scoot!
Development West Coast says its deed
of trust is not under review.
There has been talk among politicians
that, in the face of mass job losses on the
Coast, the deed needs ‘tweaking’ to make
it more of an economic development
agency. National Party candidate
Maureen Pugh told the candidates
meeting at Grey Power Greymouth last
week “they ” were already working on
changes to the deed.
However, DWC chairman John
Sturgeon said last night that was not the
case. “ We changed the trust deed last
year,” Mr Sturgeon said.
At a recent meeting with Economic
Development Minister Steven Joyce
they discussed “some constraints”.
In 2005, the Charities Act meant some
groups, including economic development
agencies, lost their charitable status and
had to start paying tax.
“That was the conversation that was
had. More a legislative amendment.”
Trust deed not being reviewed, Sturgeon says
Help yourself, minister tells Buller
Buller’s plea to the Government for
regional development help has received
a ‘help yourself ’ response from Primary
Industries Minister Nathan Guy.
Mayor Garry Howard wrote to Mr
Guy last month, seeking assistance with
Buller’s economic sur vival. Mr Guy ’s
reply offers no concrete Government
aid.
The mayor wanted more undeveloped
land converted to dairy farms at
Cape Foulwind and a co-ordinated
development plan for kiwifruit growing
at Karamea.
He wanted the Ministry of Business
Innovation and Employment (MBIE)
to help develop a cranberry industry.
Mr Guy wrote back that Buller had
considerable natural assets and resilient
people, “and I am sure that you will find
a way through the recent setbacks for
employment opportunities”.
He said the council should approach
Landcorp directly about further dairy
conversions.
A cranberry industry development
could form the basis of a sustainable
farming fund project or a funding
application to Development West
Coast (DWC).
“ I encourage you to explore these
opportunities.”
Recent legislation following the
Easter storm, to allow har vesting of
wind-thrown native timber, would
allow for some expansion of existing
operations, Mr Guy said.
He suggested the council approach
DWC for the $1.34 million funding
needed to provide faster broadband to
remaining households.
He also encouraged the council to
contact MBIE. He said he would
ensure the relevant ministers were
aware of the issues he had raised.
Buller’s main asset was its workers,
the minister said.
The council had an opportunity
to work alongside employers who
were laying off staff, and work with
government agencies, to prepare a
re-employment strategy.
The agencies could help the council
identify opportunities, develop a Buller
‘ brand’ and market the district as an
investment opportunity.
DWC’s expertise, including its skills
in business start-ups, mentoring and
governance, was also valuable.
An employment summit involving all
parties would be a useful start, Mr Guy
said.
“I wish you well in your endeavours
to look for new and innovative ways to
bolster the economy of your district.”
Mr Howard said the response had left
him feeling “flat ” and concerned about
the disengagement between local and
central government.
Lee Scanlon
of the Westport News
12 Herbert Street, Greymouth | Phone: 768 0822
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